Hey Dogpile, When
taylor was around there wasn't a
VWAP.
During the past 10 years it seems like
VWAP has gotten more and more attention, and become a real psychological point that many traders watch.
I have been watching a modified idea of
Taylor's, using the
VWAP instead of highs and lows.
The idea is that following a buy or sell day (for our interpretations here, a low to high day or high to low day respectively) should come a test and rejection of the previous day's
VWAP.
Does this spark any ideas?